Is Elon Musk, The Harshad Mehta Of Cryptocurrency?

The Harshad Mehta  Story:  Scam! Scam! Scam!

The word has become a staple word for every Indian. So many of them have actually ripped off our entire economy over the years. Starting from the Jeep scam in 1948 to the recent PMC bank scam, the heterogeneous magnitude of the scandals has always raised questions pertaining to the plausible, transparent and responsive Government policies at different eras.

Harshad Mehta, the name that received its by-product as “the big bull” smashed to the silicon after a mountainous property made entirely out of a scam that is considered as the biggest and most magnificent stock market scam of all time.

He was Harshad Mehta. He had become a huge name then. He caused massive mayhem in the stock market and trading. He skilfully duped the entire system. But, he was exposed.

Harshad Mehta became one among India’s “Top Scammers” and one of the Country’s biggest manipulators, Tells Hirav Shah, Popular Astro-Business Strategist & Business Astrologer.

Now comes the big question…

Whether tech billionaire Elon Musk, is a visionary or a Harshad Mehta of cryptocurrency.

Meanwhile, the entire world now admits that Tesla and SpaceX CEO Elon Musk is a genius, and nobody minds taking a suggestion or two from him on crypto investments.

Musk-Crypto Story:  Cryptocurrencies are a notoriously volatile asset class. Dogecoin, a favorite of Musk, is particularly volatile due to its popularity among at-home traders, many using Reddit forums to inform their trading and its dual identity as a meme.

Some of the biggest spikes for dogecoin have come after the token was mentioned by Elon Musk on Twitter, often accompanied by memes. Its value soared to new highs of 69 cents this week as traders continue efforts to take “doge to the moon,” code for $1 a token.

Unexpected Fact: Musk also wrote he is looking for a “shiba pup.” Dogecoin is inspired by the doge meme of a Shiba Inu dog.

Elon Musk & Dogecoin : Musk imparted his Midas touch on Dogecoin when he first started tweeting about it back in February.

As he prepared to host Saturday Night Live,  the self-proclaimed “Dogefather” – was expected to name drop the coin on the popular comedy sketch show, and feed the frenzy even more.

On Friday though, Musk (not for the first time BTW) appeared to inject some sobering risk assessment into the frothy market, tweeting to his 53.1 million followers: Cryptocurrency is promising, but please invest with caution!

Elon Musk's favorite meme crypto 'Dogecoin' records new high: Check real-time price

Latest Update : Tesla’s Elon Musk — a long-time proponent of cryptocurrencies — has sounded a note of caution for investors looking to gain from the boom in the prices of Bitcoin, Ethereum, Dogecoin and others.

Elon Musk said that while he believes that crypto could be the default future currency of the earth, people shouldn’t invest their life savings into cryptocurrency.

“First of all, I think people should not invest their life savings in cryptocurrency. To be clear, I think that’s unwise,” Tesla’s CEO warned in a video.

 

The Hirav Shah Suggestion / Take:

1.Dogecoin “millionaires” have been celebrating for weeks that their cherished possession has swelled their savings. But all cryptocurrencies are highly volatile and deeply prone to boom and bust cycles.

2.Musk routinely vies for the crown of world’s wealthiest person, so he has a lot more money to play with, and potentially lose, than the average retail investor.

3.Musk’s messages may become part of the ideological furniture of today’s retail-driven markets. He is at least certainly more protected from the fallout of volatile leveraged retail trades than those currently diving in to stick it to “The Man.”

The phenomenon will be with us for a while longer, and will require yet more adjustments from investors and regulators.

But no matter how many “hold the line” memes are posted, it looks like crowds really do have a mind of their own.

4.Even if Musk’s vision looks lucrative now, don’t trust blindly. Rather use your damn minds, wisdom and conscience before investing. You can do this much right !

Elon Musk’s high-speed 'Starlink' coming to India: Here's how to pre-order

Final Thoughts: Whether or Not, Elon Musk is crypto’s Harshad Mehta, make sure you train your mind to decide what is right & what is wrong. Whether to invest or not to…The entire world now admits that Tesla and SpaceX CEO Elon Musk is a genius, and nobody minds taking a suggestion or two from him on crypto investments, suggests Hirav Shah.

Train your mind to see the good in every situation, Hirav Shah Concludes….

 Who Is Hirav Shah- There is much to be admired in Hirav Shah — he’s a leading business strategist and Business astrologer who has helped companies to 360 degree turnaround, progress & prosper by aiding them to overcome all business challenges.

If you were wondering all this while, with whom do leading businesses, corporations, CEOs, entrepreneurs & celebs consult, then it’s this man, “Hirav Shah“.

 

 

 

 

The post Is Elon Musk, The Harshad Mehta Of Cryptocurrency? appeared first on NewsroomPost.



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